XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 118,977 $ 127,016
Restricted cash 304 315
Accounts receivable, less allowance for bad debts of $17,525 at September 30, 2023 and $11,889 at December 31, 2022 735,582 676,573
Inventories 822,765 673,621
Prepaid expenses 101,559 85,665
Income taxes refundable 25,689 18,583
Other current assets 38,119 56,324
Total current assets 1,842,995 1,638,097
Property, plant and equipment, less accumulated depreciation of $2,252,257 at September 30, 2023 and $2,054,928 at December 31, 2022 2,798,727 2,462,082
Intangible assets, less accumulated amortization of $709,690 at September 30, 2023 and $623,101 at December 31, 2022 1,091,446 865,122
Goodwill 2,447,376 1,970,377
Investment in unconsolidated subsidiaries 2,164,182 1,926,395
Operating lease right-of-use assets 202,947 186,141
Other assets 238,053 136,268
Deferred income taxes 24,611 17,888
Total assets 10,810,337 9,202,370
Current liabilities:    
Current portion of long-term debt 73,862 69,846
Accounts payable, principally trade 394,748 472,491
Income taxes payable 18,294 44,851
Current operating lease liabilities 52,378 49,232
Accrued expenses 494,421 432,023
Total current liabilities 1,033,703 1,068,443
Long-term debt, net of current portion 4,338,126 3,314,969
Long-term operating lease liabilities 154,858 141,703
Other non-current liabilities 313,889 298,933
Deferred income taxes 502,779 481,832
Total liabilities 6,343,355 5,305,880
Commitments and contingencies
Stockholders’ equity:    
     Common stock, $0.01 par value; 250,000,000 shares authorized; 174,426,268 and 173,593,099 shares issued at September 30, 2023 and December 31, 2022, respectively 1,744 1,736
Additional paid-in capital 1,691,636 1,660,084
     Treasury stock, at cost; 14,893,860 and 13,623,503 shares at        September 30, 2023 and December 31, 2022, respectively (628,991) (554,451)
Accumulated other comprehensive loss (332,413) (383,874)
Retained earnings 3,648,738 3,085,528
Total Darling's stockholders’ equity 4,380,714 3,809,023
Noncontrolling interests 86,268 87,467
Total stockholders' equity 4,466,982 3,896,490
Total liabilities and stockholders' equity $ 10,810,337 $ 9,202,370